Somnigroup Offers to Acquire Leggett & Platt in All-Stock Deal Valuing Shares at $12
Somnigroup International Inc. has proposed an all-stock acquisition of Leggett & Platt, valuing its shares at $12 each, a 30.3% premium over the recent average price. The proposal, approved by Somnigroup's Board, awaits Leggett & Platt shareholder and regulatory approvals. Completion of due diligence and definitive agreements is expected soon. This information is AI-generated and not financial advice.
Somnigroup International Inc. has proposed to acquire all outstanding shares of Leggett & Platt Incorporated in an all-stock transaction. Under the proposal, each share of Leggett & Platt common stock would be exchanged for Somnigroup common stock valued at $12.00 per share, representing a 30.3% premium to Leggett & Platt’s average closing price over the last 30 trading days. The proposal has been unanimously authorized by Somnigroup’s Board of Directors and is subject to customary closing conditions, including Leggett & Platt shareholder approval and regulatory approvals. Somnigroup expects to complete due diligence and execute definitive agreements promptly. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Somnigroup International Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL35608) on December 01, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
